Ordered 10-Sep, freeze date 13-Sep, production started 5-Oct.

[fgwinn]

Production started four days after the initial estimated date of 1-Oct for my lightly optioned 2022 CT4. Current delivery date is estimated at 26-Nov. I will be happy with delivery any day before 31-Dec in order to cash in on the $7500 tax credit for 2021.

I did bump up my Federal W/H in case the delivery is delayed until next year. The best thing about the tax credit is that it reduces your estimated tax by the same amount for the subsequent year.

i am afraid that 2021 will be the last year for the credit on anything more than an entry level EV.

Sponsored

 

[PDACPA]

Helps reduce the amount of the safe harbor tax you need to have paid in during the following year in order to prevent penalty in the event you have a balance due the following year.